WASHINGTON, April 15, 2016 /PRNewswire-USNewswire/ -- In a series of four online events next week, the National Reverse Mortgage Lenders Association will educate a broad range of professionals who serve older adults about the role home equity can play in meeting their clients' financial goals. Dubbed Reverse Mortgage Education Week, April 18-22 will mark NRMLA's first major national initiative to expand the network of professionals who understand how reverse mortgages work, their strategic uses, and new consumer safeguards for borrowers and their spouses.
"Educating kindred professionals who work with seniors has always been at the core of our mission as a trade association, but Education Week is taking our outreach to new a level and we're looking forward to developing new relationships through the planned activities," said NRMLA President and CEO Peter Bell.
NRMLA is joining with the Mortgage Bankers Association on April 18, the American Society on Aging on April 19, the National Association of Realtors on April 21, and will host Meeting Your Clients' Needs with a Reverse Mortgage on April 22, to provide professionals with an overview of the home equity conversion mortgage program and specific examples of how seniors can use a reverse mortgage to: manage the costs of in-home care services not covered by Medicare, make home modifications to safely support aging-in-place, delay collecting Social Security until age 70, protect investments from market volatility and sequence risk, pay off an existing mortgage, purchase a new home, and more.
"It's because reverse mortgages are so versatile that NRMLA is working to educate diverse groups of professionals about the spectrum of ways a HECM can fit into a comprehensive financial plan for funding longevity," said Bell. "By working together, across industries, we can better serve our clients whose concerns for the future range from the financial to their housing needs and options, health and wellness expectations and possibilities, access to transportation, to methods of maintaining the social engagement that brings joy to life."
In addition to online educational sessions next week, Bell will meet with the Office of the Comptroller of the Currency to educate staff and advisors about recent changes and updates to the HECM program.
Featured Reverse Mortgage Education Week speakers include leading retirement income planning expert Jamie Hopkins from the American College of Financial Services, nationally recognized gerontologist Barbara Howard, investment advisor representative/financial planner Suzette Blackburn with CapStar Financial, loan servicing expert Leslie Flynne, and NRMLA Education Committee members Craig Barnes, Lorraine Geraci, and Dan Hultquist.
More information about Reverse Mortgage Education Week webinars and registration links are available below.
Reverse Mortgage Education Week Event Calendar:
Monday, April 18
Mortgage Bankers Association
2:00 – 3:30pm ET
Recent Developments in HECM and Reverse Mortgage Lending
Tuesday, April 19
American Society on Aging
1:00 – 2:00pm ET
Planning for the Costs of Aging
Thursday, April 21
National Association of Realtors
2:00 – 3:00pm ET
What to Expect When Selling a Home Subject to a Reverse Mortgage
Friday, April 22
An Online Educational Event for Professionals who Work with Seniors
3:00 – 4:00pm ET
Meeting Your Clients' Needs with a Reverse Mortgage
About the National Reverse Mortgage Lenders Association
The National Reverse Mortgage Lenders Association (NRMLA) is the national voice for the industry and represents the lenders, loan servicers, credit unions, and housing counseling agencies responsible for more than 90 percent of reverse mortgage transactions in the United States. All NRMLA member companies commit themselves to a Code of Ethics & Professional Responsibility. Learn more at www.nrmlaonline.org.
Jenny Werwa, 202-939-1783, firstname.lastname@example.org
National Reverse Mortgage Lenders Association
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SOURCE National Reverse Mortgage Lenders Association